Domestic debt booms to Rs4.3tn
The country's domestic debt swelled up by Rs440 billion to a staggering Rs4.3 trillion during 7MFY10, according to numbers released by State Bank of Pakistan (SBP) more... (FD)

Small and medium enterprises: some foreign groups want to provide $250m credit line: Tarin
Finance Minister Shaukat Tarin said Sunday that the government has allocated large funds for the development of small and medium enterprises (SMEs) while some foreign groups are also keen to provide a credit line of $250 million to SMEs more... (BR)

Nominal cut in POL products prices
The government on Sunday announced cut in oil prices ranging from Re0.64 to Rs2.56 per litre to provide relief to consumers. The new prices would be effective from Monday (today). According to an Oil and Gas Regulatory Authority (Ogra) notification, the price of motor spirit has been reduced by Re0.64 per litre, light diesel oil by Rs1.60, HOBC by Re0.78 and kerosene oil by Rs2.56 per litre more... (BR)

No nuclear deal with Pakistan, says US
There is no way they can get a civilian nuclear deal similar to the one the Obama admin has signed with India: US official more... (D)

President Zardari meets David Miliband
The president called for early resolution of the visa problems being faced by Pakistanis, particularly students more... (D)

Delhi sees Riyadh as a mediatorPakistan-India disputes
Congress, BJP snub Tharoor, say no to 3rd party role
Keeping Saudi Arabia's close relationship with Pakistan in view, India is hoping to convince Riyadh to play the role of a mediator to improve ties between the two South Asian nuclear powers more... (FD)

Move to resolve circular debt: MoF to adjust all governments' power bills
To resolve the issue of circular debt on permanent basis, it has been decided that the outstanding electricity bills of all government institutions, including provincial governments, would be adjusted from their accounts more... (BR)

7M NSS investment at record Rs133.78bn
Net investment in National Savings Schemes (NSS) surged by 78.4 per cent to a record Rs133.78 billion in the first seven months of the fiscal year 2009-10 against Rs74.98 billion attracted in same period last fiscal more... (FD)

NIB Bank earns Rs 1.5 billion profit after tax
NIB Bank has earned a consolidated profit after tax of Rs 1.5 billion and a standalone profit after tax of Rs 691 million for the year ended December 31, 2009. Net mark-up income in 2009 increased by 23 percent over 2008 to Rs 5.4 billion as a result of better quality loan growth and improvement in spreads more... (BR)

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